Running a franchise demands more than hard work, but also a solid grasp of your rights. Before you sign up to franchise a business, it is crucial to arm yourself with a well-written agreement that looks out for your best interests. It may not be apparent now, but...
Transactional Services
Overpromising in franchising can be a form of misrepresentation
In franchising, honesty and transparency are key to every successful business relationship. Overpromising, a common pitfall, can create false hopes and lead to disappointment. More significantly, it can border on misrepresentation. Misrepresentation is a type of...
Factors to consider before opening a franchise in Florida
Starting a franchise in Florida is a great way to enter the business world. You receive the franchisor's business assistance and expertise alongside brand recognition, buying power, a built-in customer base, and minimized risks. But a franchise comes with unique...
Exemptions to Florida’s Sale of Business Opportunities Act
The Sale of Business Opportunities Act is a Florida law that regulates how businesses are sold. It requires that any corporations selling businesses register with the state and submit disclosure documents detailing the risks associated with their investment. The...
Can a restrictive covenant in your lease affect your rebranding?
Commercial leases are complex legal instruments. They establish obligations worth tens of thousands of dollars between a business and the landlord that may persist for many years. Commercial tenants often focus on particular terms in their leases, including the...
Understanding the agreement is key to avoiding franchise disputes
Signing up for a franchise can be an excellent opportunity to piggyback your business on someone else’s success. Yet, as many people have found out to their cost, it can also come with many problems. Franchise agreements can be complicated and full of clauses that...
What to know before signing a commercial lease for your business
Finding commercial space and negotiating a lease for it can take time and effort. That's why it's critical that you start engaging in that process as soon as you decide it's time to open your first business locations. However, negotiating a commercial lease can be a...
Negotiating for your first commercial lease? Read this first
Your business has been thriving -- and it’s outgrown your kitchen, garage or home office. It’s time to get your first commercial lease. Be careful, however. Residential renters enjoy legal protections that commercial renters don’t. In general, commercial landlords and...
How to determine the value of commercial real estate
If investing in commercial real estate, you need to be sure you are spending your money wisely. With the market fluctuating considerably due to the year’s events, determining what a Jacksonville property is worth can be challenging. While there are some great bargains...
What do you need to know about signing a commercial lease?
Anytime you sign a contract, having it carefully reviewed for the legality and questionable inclusions is usually a good decision. Commercial leases are very expensive potential contracts that deserve the same degree of scrutiny as other contracts a business might...